Considering your answers to Questions $1$ through $3,$ develop a range of values that you think would be reasonable for Sun Coast's market$/$book ratio if it were a publicly held company.

Regardless of your answer to Question $4,$ assume that $0\mathrm{.}8$ is an appropriate market value$/$book value ratio for Sun Coast. What would be the market value per share of the company?

Investment bankers generally like to offer the initial stock of companies that are going public at a price ranging from $$10$ to $$30$ per share. If Sun Coast stock were to be offered to the public at a price of $$20$ per share, how large a stock split would be required prior to the sale?

Assume that Sun Coast chooses to raise $$3$ million through the sale of stock to the public at $$20$ per share.